Minerva's purchase of 3 Marfrig refrigerators had a significant impact on the livestock market, causing the price of fat cattle to fall. Wintering cows and heavy calves both saw decreases in value in recent auctions, with many producers withdrawing their lots due to low prices. Despite normalizing rains and a promising spring outlook, prices have not been positively affected. Additionally, grain prices have been influenced by various factors, including tensions in the Black Sea region and pressure from Brazilian crops. The local market has seen a slight downward adjustment in soybean and wheat prices, while wheat and barley crops are thriving with favorable weather conditions.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The announcement of the purchase of 3 Marfrig refrigerators by Minerva, within the framework of a regional business, shook the market and put many buyers on the defensive, impacting the livestock market for the field. In addition, the price of fat cattle is falling, with references around US$3.20/kg or lower, with some plants that do not even pass the price. Entries are stretching and in some cases reach October. Thus, the values of the wintering cow in the last auctions on the screen fell 7% and were close to US$1.40/kg. Heavy calves (+180 kg) averaged US$2.20/kg, also with decreases of around 7% compared to previous auctions. Calves did not reach 2 US$/kg and steers fell 13% to 1.83 US$/kg. Placement averaged just over 80% and many producers withdrew their lots as they did not reach the minimum expected values. The fall occurs despite a normalization of rains, with a view to a very good spring. It is true that the natural grass has not yet come and we will have to wait for ...
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